GFI Group has introduced a new flat price Henry Hub Natural Gas desk.
Based in New York, the desk is led by a team of three brokers, Greg Chaves, Chris McHugh and Eugene Marquardt, who have a combined 50 plus years of experience in the commodities markets.
The new desk will work closely with GFI Group’s electronic trading platform for commodities, EnergyMatch.
Chaves, McHugh and Marquardt had worked previously together at BNP Paribas where they started the unleaded gas futures trading group. Former members of the New York Mercantile Exchange, they brokered energy commodities for BNP Paribas for over ten years.
Richard Giles, GFI Group managing director and head of commodities and energy brokerage North America, says: “We are very happy to have such an experienced team on board. They will provide further value to our customers through our EnergyMatch hybrid trading platform.”
EnergyMatch is an electronic over-the-counter energy marketplace combining the liquidity pools of multiple brokerage firms, electronic trading participants along with multiple clearing options in an open access web based platform.
